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CHOC Completes Merger with Rady

Chavalas Cripe, Frias to be co-CEOs,

Children’s Hospital of Orange County, CHOC, and Rady Children’s Hospital San Diego announced today that the merger between their parent companies closed, creating a new combined healthcare system called Rady Children’s Health.
The merger followed approval by the California Office of the Attorney General, community hearings, and other regulatory reviews and approvals.
CHOC and Rady Children’s announced merger plans in December 2023, after more than a decade of collaboration.
Kimberly Chavalas Cripe, who has served as the president and CEO of CHOC since 1997, and Patrick A. Frias, MD, who was appointed president and CEO of Rady Children’s in 2018, will be co-CEOs of Rady Children’s Health.
“This merger marks a pivotal moment in our organizations’ rich histories and highlights our commitment to achieving unparalleled excellence in patient care, education, research and advocacy,” Cripe said in a statement. “Together, we are poised to make an even greater impact on the health and well-being of children for generations to come.”
CHOC and Rady Children’s will build on their respective affiliations with the University of California and its medical schools at UC Irvine and UC San Diego.
Each hospital will maintain separate medical staff, local governing boards and onsite leadership.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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